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although the bubble originated in the tech heavy NASDAQ index, CG focus their analysis on the Dow Jones index. Why? O a. Tech firms production

although the bubble originated in the tech heavy NASDAQ index, CG focus their analysis on the Dow Jones index. Why?

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O a. Tech firms production relies mostly on intangible capital while manufacturing firms depend on physical tangible capital. Ob. Firms in Dow Jones were ex-ante not believed to benefit from the tech revolution OC. Sample size concerns. A more detailed data is available for manufacturing firms

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